Former third-party boss to join Genworth

The former head of bank intermediaries at Suncorp, Steven Degetto, is to join a leading provider of Lenders Mortgage Insurance as chief commercial officer.

LMI provider Genworth has announced today that Mr Degetto will become the company's new CCO and a member of the senior leadership team and executive committee in "the third quarter of 2017".

Mr Degetto is currently the head of wealth and life intermediaries at Suncorp, after changing roles from head of bank intermediaries last year.

Building on the Genworth brand in the Australian marketplace, the former broker head will have responsibility for the marketing and distribution of products and services "to meet the evolving needs of lender customers".

Genworth CEO Georgette Nicholas commented today: “We are very excited and pleased to have an individual with Steven’s experience join our team as the new chief commercial officer.

"Steven brings to Genworth extensive business development leadership and experience in residential mortgages as well as strong commercial acumen and an unwavering customer focus.”